My situation, been physically seperated from my wife over 1.5 yrs. I’m filing single, HOH, she doesn’t work, lives on S.S.I. payments for her adhd son and our autistic son, and my child support payments for our 2 sons. She has agreed that I may claim our kids for child tax credit purposes, since she won’t be filing anyway. I claimed my 2 son’s, but not her son on my tax appl. and it says that I will indeed get a refund this year. Do I legally owe her a portion of the refund? If so, what %? How about on the level of fairness or “the right thing to do”? Do you think I should split a portion with her even if I don’t technically “owe” her any? I would prefer to get opinions from seasoned tax pros and attorneys, but all opinions are welcomed.
Thanks
B.t.w., my 2 kids that I did claim on my tax return did live with me for more than the first half of ‘08. However, a change in my work schedule forced some adjustments to be made. Thank you all for your very informative input.
Date : March 12th, 2010Category : UncategorizedAuthor : Editor3 Comments
I just got my W-2 form today and I am looking for a good free online tax refund estimator
Last year I under 18
I am filled as single and dependant (or claimed)
and I have made substantial donations to charity
Date : March 11th, 2010Category : UncategorizedAuthor : Editor2 Comments
When filing an income tax return, do I need to include insurance refund from auto accident? My car was total loss. My insurance pay off my loan for the car and gave me back $6000 after the payoff. Do I need to report this when filing my income tax return?
My relative is in prison and received a tax refund for last year, but I am not able to cash it for him. What do I need to do to cash it? I do not want to get a power of attorney since this can be costly, so what alternative is there? Thanks!
Date : March 7th, 2010Category : UncategorizedAuthor : Editor3 Comments
I owe 2 years back taxes. When I get my refund, the IRS takes it and applys it to the oldest tax year.
Is there a form or something I can do to have it applied to a different year?
Thank you.
Date : March 5th, 2010Category : UncategorizedAuthor : Editor3 Comments
A few years ago I attended a community college in Cincinnati, Ohio. I did not receive financial aid and i did not pay the tuition. The debt went to the Ohio Attorney Generals office and I starting making payments(I’ve paid 2/3 of the debt so far). They took my state refund check this year, which I expected. Can they also take my federal return even though I am making payments on time every month?
Thanks for answering. I called the number and they said nothing was being held, hopefully it won’t change.
Date : March 3rd, 2010Category : UncategorizedAuthor : Editor4 Comments
I went to H&R block April 9th to file for my tax return. They said 6-8 weeks and today was 8 weeks so we called them and they said they had sent it (or something like that) to IRS and that they have to send it to me (or something , I was watching my daughter while doing this so i couldnt hear her that well) but how long does it take for IRS to send your tax return out? its already been 8 weeks.
Date : March 3rd, 2010Category : UncategorizedAuthor : Editor2 Comments
I am owed back child support – over $16,000 to be more specific. I did receive his tax refund for 2007 but they held it for 6 months before sending it to me. I am wondering if anyone knows any specifics about the tax relief refund. Will they hold this for 6 months also or will it be automatically sent to me?
Date : March 3rd, 2010Category : UncategorizedAuthor : Editor2 Comments
In 2003, the Internal Revenue Service began to mail out refund checks because of a change in the tax law. Economic forecasters predicted that consumption and GDP would increase because of higher refunds on income taxes.
Pretend as if you are an economist and explain your thoughts on whether the tax cuts from the past few years have been successful in promoting economic growth or in preventing a deeper decline? Are there other changes to fiscal policy that you feel would have been more successful?
How can I assure I get his income tax refund? Do I need to file paperwork with the Attorney General’s office of Child support or what? I am in Texas and so is he.
So awhile ago my car was repossessed and it went to a attorney. I was unable to follow through with my payment plan so they placed a garnishment on my paycheck/wages from work. I understand it I owe the money, My question now is can they place a garnishment on my income taxes too? Also say I go through H&R block to get my taxes done and I have the refund placed on one of their cards (like I did last year) can they garnish off of that or the account that H&R block has me go through? I recieved a new card this year so the card is a different number this year. I did make one payment off of the card last year to the attorney’s office though? I know it is allot to answer but please help me if you can. Thanks
I live in the state of Nebraska
Spend a little to save a lot. Best use of your tax refund may be to pay for your bankruptcy. Bankruptcy Attorneys in Raleigh, Fayetteville, Wilson and Durham – North Carolina. Find out more. Visi…
While you are thinking about getting your taxes done, you might think about doing one or some of the following:
1. I teach my clients what they need, how to prepare their taxes and how to become organized. Possibly you should start by asking your tax preparers detailed questions about every line item of your return. Also during tax season, go to the post office near you and pick up the forms and some publication or go to the www.IRS.gov and pick up some forms and its instructions and start reading in order to gain knowledge about taxes. Most people need the instructions associated with forms 1040, Schedule A, Sch. B, Sch. C (if you have a self-employment business), Sch. D (if you bought/sold stocks, bonds, real estate properties, or carrying over previous years stock losses,…), Sch. E (if you had rental real estate property), Form 4562 (relates to Sch. C and E- if you have self employment or rental real estate depreciations to include vehicles/trucks), Form 8829 (if you used your home for your self employment or rental property management), Form 2106 (if you are a w-2 employee which some of employee related expenses were not reimbursed by your employer OR you were doing job search and had job search, interviews and other expenses to include vehicle, meal, travel…)
2. In my previous articles, I mentioned a website and a couple of books. One of the books was “Your Credit = Your Life, Fix It Now!” There is a CD included that describes some of the tax liabilities. You MUST read.
3. Take some classes and get yourself paid by doing your taxes instead of paying a tax preparer.
4. Buy a tax preparation book, read and learn.
5. While you are doing any of the above to increase your knowledge (about how to prepare your taxes), you can also call the IRS at 800-829-1040 and choose the option relating to tax questions (NOT the option about refunds or owing taxes). I know, a lot of people are afraid of calling the IRS because they think the IRS agent is going to reach through the phone or the satellite and get to the person claiming money. For that reason, since you don’t know if the IRS is going to hang you and shake you upside down to get all your money, then make an anonymous call. All you want to do is to get some correct information on how to prepare your tax return and a better understanding of how things work. So, call from a blocked number and don’t give your name. Since you want general information about how to prepare (not relating specifically to your tax returns), then the IRS representatives are not going to ask for your names or SSN.
6. MOST importantly, buy a tax software such as Intuit (Turbo Tax) or H & R block (TaxCut) software to do your taxes. Both of these software packages which are less than $30.00 each have all sorts of information and instructions and take you through “INTERVIEW” steps even in more detail than your CPA or Tax preparer would. Now, if you are not sure about a questions, you can read the pop up help instructions or call the IRS 800-829-1040 number and select the option about having questions on how to prepare.
7. You also have the choice of having you local IRS office help you prepare the tax-return. However, be careful. The preparing representative, may tell you that some of your expenses are not allowed. I had to argue with the IRS auditors, show them publications, etc. for them to see it my way. Therefore, I do NOT suggest you taking your tax return to the IRS rep. (if you have many sources of income and deductions) to prepare. You can have the IRS prepare your return if it is very simple, if you have low income and a lot of mouths to feed (dependents). I assure you, the same way that some of the tax preparers and CPAs are clueless, some of the IRS representatives who provide information and prepare taxes may also lack full knowledge. This is based upon my extensive experiences researching information for others.
SO. Whatever you do, learn about how your taxes are done so that you will know what to save, spend or store during the year. Buy one of the software packages I talked about under paragraph 6 (above). They take you through a step by step interview and teach you as they ask you detailed questions. If you still have some unanswered questions, then call the IRS help line.
Now, when you call the IRS, you must know the best time to call. If you are calling during the tax season, expect to stay on the phone for a minimum of 20 minutes before you get started. If you call in the evening when everybody else is calling; again, expect to remain on the phone for a long time. The best time to call IRS for questions (whatever your question may be –refunds, amount owed, or preparing) is either in the morning and Saturdays and Sundays.
When you call the IRS to get some questions answered and do not want your number revealed, then block your number. The bottom line is when asking tax preparation questions, the IRS agent will not ask you for your name, but every agent will provide his/her name and ID number. For consistency of receiving correct information, write the person’s name and ID down and if you are not satisfied or think the answer may not be correct, then call back, you’ll get someone else then ask the same questions and compare. I’m certain you’ve heard about the “Second Opinion” concept.
Now let’s say you are not sure if you correctly prepared your return. In that case, print it, take the return and all your supporting documents that allowed you to do the return to your tax prepaper, tell him/her to review the information in detail and even offer to pay, or pay for time to review. This way, you will know how good or bad you have done. IF you made mistakes, then you can correct those mistakes and learn new things for the following years.
There is so much more to say about tax preparation, your preparer, your refund or taxes owed. It would be impossible to address all here. The book, I mentioned, “Your Credit = Your Life, Fix It Now!” talks about refunds, some scams and tax liabilities. The money you spend buying this book is minimal in comparison to the knowledge you gain.
I hope this information has been helpful.
With best wishes,
Mike Samadi
Any questions? Go to Q & A of http://www.MasterCreditRepair.net, read and post. Go to the “Comment” page and post your story or comment. Your personal information will remain confidential. Joint my membership club (coming soon).
